U.S. Manufacturers Benefiting From Factory Construction
05/08/2023 - Inflation and rising interest rates are top of mind for many businesses, but U.S. steel producers and other manufacturers have another concern — just keeping up with orders.
According to The Wall Street Journal, manufacturers of steel, construction equipment, building supplies and industrial software have been kept busy with order backlogs arising from pandemic supply chain bottlenecks and new factory construction.
“Semiconductor, chip plants, electric vehicle facilities — both the assembly and battery plants — are in our order backlogs, and we’re quoting even more of them,” Nucor executive vice president for new markets and innovation Chad Utermark told analysts during the company’s first-quarter earnings call, The Journal reported.
The Journal has more here.
“Semiconductor, chip plants, electric vehicle facilities — both the assembly and battery plants — are in our order backlogs, and we’re quoting even more of them,” Nucor executive vice president for new markets and innovation Chad Utermark told analysts during the company’s first-quarter earnings call, The Journal reported.
The Journal has more here.
